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May 24, 2016
05/16
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and for barclays. we look forward to our presence in the two financial centers of the world being new york and london. job,ine: six months on the it is the question investors ask you the most? gets --n we -- when we back to the book value? when we get focused on our core franchise, that is when i will have a smile on my face. to pute: is it difficult a timeline on it because of the uncertainty we are talking about? jes: what we have said is we will get our non-core risk rated below 20 billion pounds by the end of 2017 to allow us to close non-core by that date. are we going to see more consolidation in the european banking industry? jes: i think that is a long way off. one of the outcomes of the financial crisis i think is the days of inorganic consolidation between the banking industry may be gone for decades. it used to be that the worldly engineered itself every couple of years -- the world re-engineered itself every couple of years. francine: these are because of regulatory concerns? jes: i do not
and for barclays. we look forward to our presence in the two financial centers of the world being new york and london. job,ine: six months on the it is the question investors ask you the most? gets --n we -- when we back to the book value? when we get focused on our core franchise, that is when i will have a smile on my face. to pute: is it difficult a timeline on it because of the uncertainty we are talking about? jes: what we have said is we will get our non-core risk rated below 20 billion...
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May 24, 2016
05/16
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and for barclays obviously. we look forward to our presence in the two financial sectors of the world today being new york and london. jeshat was barclays ceo staley. shery: hear he is talking about financial regulations. >> there is uncertainty about what is coming on with brussels and france and this creates uncertainty about capital, about risk. i think regulators now need to that we give time to the bankers to adapt and start optimizing their business model. stop the uncertainty, i think. mark: we are to continue the banking conversation on bloomberg television. deutsche bank chief executive is disappointed after moody's credit rating. do not miss this interview. ♪ shery: a beautiful shot of london right there. live from london and new york, i am shery ahn. mark: i am mark barton and this is the european close on "bloomberg markets." deutsche bank's chief executive says the bank has never had more capital and can easily repay its debt many times over. that is after moody's investors service cut the banks c
and for barclays obviously. we look forward to our presence in the two financial sectors of the world today being new york and london. jeshat was barclays ceo staley. shery: hear he is talking about financial regulations. >> there is uncertainty about what is coming on with brussels and france and this creates uncertainty about capital, about risk. i think regulators now need to that we give time to the bankers to adapt and start optimizing their business model. stop the uncertainty, i...
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May 15, 2016
05/16
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west brom in the barclays premier league this season. fans here have been enjoying the demise of their neighbors. liverpool still flying the flag for england in europe. the big final only a few days away. dean, that's had a big bearing in the way they have approached the game. >> it certainly has. the team selection, 11 changes. it gives an opportunity for these players to show jurgen klopp their talent. a good opportunity for 20-year-old cameron brannagan making his debut for liverpool. >> no foul was given by referee bobby madney. this time the whistle is blown for a west brom free kick. >> a young lad who has made a real impression. they will have to work on the defensive side of the game but in possession is very talented. we know he'll be very aggressive and will not be on the beach. he'll want a good performance from his team and an opportunity to have progression if they can get the three points today. it will up their total from last season. >> they have not won, though, west brom, in their previous eight games. they have taken j
west brom in the barclays premier league this season. fans here have been enjoying the demise of their neighbors. liverpool still flying the flag for england in europe. the big final only a few days away. dean, that's had a big bearing in the way they have approached the game. >> it certainly has. the team selection, 11 changes. it gives an opportunity for these players to show jurgen klopp their talent. a good opportunity for 20-year-old cameron brannagan making his debut for liverpool....
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May 4, 2016
05/16
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stakere divesting a 62% in barclays africa. betty: let's check in as well on of the bloomberg first word news this morning . taylor riggs has more from our newsroom center. taylor: donald trump is talking about uniting the republican party. that forced his closest challengers to drop out. today, he said he is confident that he can unite the party, although some of that he does not want. meanwhile, bernie sanders is saying not so fast, madam secretary. he surprised democratic front-runner hillary clinton in the indiana primary and says the race is not over. still, clinton has all but an insurmountable lead. clinton is hoping to get some of his superdelegates to back him instead. in western canada, all 80,000 residents of an oilsands town have been ordered to evacuate because of a raging wildfire. it has destroyed neighborhoods in fort mcmurray, canada. high winds are making the path of the fire unpredictable. there are no reports of serious injuries. the british government has bowed to pressure and will now take unaccompanied ch
stakere divesting a 62% in barclays africa. betty: let's check in as well on of the bloomberg first word news this morning . taylor riggs has more from our newsroom center. taylor: donald trump is talking about uniting the republican party. that forced his closest challengers to drop out. today, he said he is confident that he can unite the party, although some of that he does not want. meanwhile, bernie sanders is saying not so fast, madam secretary. he surprised democratic front-runner...
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May 10, 2016
05/16
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barclays says they have shrunk it to the point they are comfortable. deutsche bank is still cutting. is going further and making a bet on wealth management. barclays and deutsche bank seem to want to remain the european champion of investment banking. mark: the first quarter could be the trough. he spoke to francine. he said, i don't think we can get as bad as conditions as we saw in the first quarter. which is something all of the banks will be hoping for. michael: we have seen banks call the bottom a few times. it seems they keep saying, it cannot get worse and it inevitably does. he said this is the trough, and we will see. mark: time will tell. michael moore of bloomberg news. ready? -- betty? betty: cheaper oil has been a help to the airline industry. said profitsines have doubled. there are other challenges. ♪ show me top new artist. ah, ha ha. show me top male artist. my whole belieber fan group. it's not a competition, but if it was i won. xfinity x1 lets you access the greatest library of billboard music awards moments, simply by using your
barclays says they have shrunk it to the point they are comfortable. deutsche bank is still cutting. is going further and making a bet on wealth management. barclays and deutsche bank seem to want to remain the european champion of investment banking. mark: the first quarter could be the trough. he spoke to francine. he said, i don't think we can get as bad as conditions as we saw in the first quarter. which is something all of the banks will be hoping for. michael: we have seen banks call the...
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May 24, 2016
05/16
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barclays can fall back on credit cards. deutsche bank is a corporate institutional firm so there is less the fall back on. that is why you are seeing them try to stay in some areas while cutting others. any are not going to be not investment bank, whereas the others, you could see them going into something else. alix: the stock in u.s. seems to be going up and not taking a hit on the downgrade. what does this mean for deutsche bank's day-to-day business? michael: i do not think it means a lot. you have seen some of their spreads that blew out back in january and february when there was concern about the ability to pay. those have come back in. unless the market gets spooked why this, i do not think it will have a major impact on their cost of funding or their day-to-day business. alix: good to see you. , euro areaming up finance ministers convene in brussels today, talking about a $12 billion aid package for greece. we are speaking with a cio for one company that helped greece restructure four years ago. where do they stand
barclays can fall back on credit cards. deutsche bank is a corporate institutional firm so there is less the fall back on. that is why you are seeing them try to stay in some areas while cutting others. any are not going to be not investment bank, whereas the others, you could see them going into something else. alix: the stock in u.s. seems to be going up and not taking a hit on the downgrade. what does this mean for deutsche bank's day-to-day business? michael: i do not think it means a lot....
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May 26, 2016
05/16
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barclays is a great business. it was to focus on a u.k.-u.s. investment bank with a big retail bank year, presence in the far east. i think frankly speaking, there is a voice in which you can do in today's world. as to who purchases it, i think south africa will want to see a potential south african solution. i am not privy to those. anna: great to have you on the program. on a range of subjects. mike rake. up next will talk about the g7. we will be live in japan. ♪ manus: brent bought this back. rising for the first time in with the six months as u.s. stockpiles to klein. china troubles top the agenda as world leaders gather for the g-7 -- summit. will live we are live at japan. -- this sending shares surging. branson talks brexit. the billionaire businessman says he would be devastated if britain votes to leave the eu. prevails,that sense and when push comes to shove, people will realize that it would be damaging both to europe and great britain should britain walk away. ♪ manus: you are welcome to "countdown." i am manus cranny. anna: i
barclays is a great business. it was to focus on a u.k.-u.s. investment bank with a big retail bank year, presence in the far east. i think frankly speaking, there is a voice in which you can do in today's world. as to who purchases it, i think south africa will want to see a potential south african solution. i am not privy to those. anna: great to have you on the program. on a range of subjects. mike rake. up next will talk about the g7. we will be live in japan. ♪ manus: brent bought this...
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May 13, 2016
05/16
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are 20 people this year who played the stock fuse game who actually received offers from barclay's. >> reporter: and they weren't the ones who made the most money. >> it's around the risk management, it's around the critical thinking, it's around looking at whether candidates have tried investment theories, whether they've learnt from those. >> reporter: so companies get valuable data and hopefully a more level playing field for applicants. >> it's not about what you claim you can do on a piece of paper, it's about showing that you have these actual skills. >> reporter: the c suite included. >> corporate offices and ceos of companies playing meta major and getting totally hooked. >> one of those companies put their own unique spin on each of these games. good news is you can practice both stock fuse and knack, available as apps to download. almost everyone we talked to said it's easy to lose track of time. >> i don't know whether to download those or not. how many colleges or companies are actually using these? >> it's growing, whatever the number is. knack has 200 companies includi
are 20 people this year who played the stock fuse game who actually received offers from barclay's. >> reporter: and they weren't the ones who made the most money. >> it's around the risk management, it's around the critical thinking, it's around looking at whether candidates have tried investment theories, whether they've learnt from those. >> reporter: so companies get valuable data and hopefully a more level playing field for applicants. >> it's not about what you...
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May 24, 2016
05/16
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staley: barclays is can -- committed to the u.s. investment space. we like the hand we have between new york and london. we are a set up bank and the u.k.. 30% of the country's gdp goes through our payment systems every day. we have a strong consumer business in the u k, germany, and the u.s.. we have more credit card uses in the u.s. today that we have the united kingdom. we have a great corporate bank, a strong investment bank. we have some news on deutsche bank today. is it better for you if you are stronger on your own, or do you need at her rivals in europe? mr. staley: the investment banking industry everywhere is having a difficult time. you could argue that almost no investment bank, the american, german, or british, is covering its cost of capital. for thenot healthy financial system globally. it is not just an issue in germany. it is an issue also in new york. if you look at the return on equity's of the u.s. investment banks, you have to say this industry is still structurally impaired. francine: but this is what -- again, when do we get t
staley: barclays is can -- committed to the u.s. investment space. we like the hand we have between new york and london. we are a set up bank and the u.k.. 30% of the country's gdp goes through our payment systems every day. we have a strong consumer business in the u k, germany, and the u.s.. we have more credit card uses in the u.s. today that we have the united kingdom. we have a great corporate bank, a strong investment bank. we have some news on deutsche bank today. is it better for you if...
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May 5, 2016
05/16
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barclays, deutsche, bank of america, others. we saw the yield go of the bit. up 2.5%. it is just slightly more obvious situation here which is why are they doing it? if you actually look at the deficit -- put it in context for me. reporter: they may be running a deficit of 13 billion which, it is tiny compared to the money may have. interest rates are really low. they will probably plug issuing debt. this seems to be what we are seeing. -- there isnt to been a lot of talk to joe that. so that companies will find it easier to issue debt. manus: i mean, this is a changing landscape. i mentioned the obligor the bond issue. bond issue. reporter: i think there are different elements. , they arebi and qatar not scraping for money. reserves have been going down quite a lot with audio coming down and they are cutting subsidies. there is more a need of diversifying away from oil. they are still pretty solid qatar has the third highest graded -- credit rating. manus: i come down here in ac -- and i see a written like that reporter: -- i guess that is what they are hoping for --
barclays, deutsche, bank of america, others. we saw the yield go of the bit. up 2.5%. it is just slightly more obvious situation here which is why are they doing it? if you actually look at the deficit -- put it in context for me. reporter: they may be running a deficit of 13 billion which, it is tiny compared to the money may have. interest rates are really low. they will probably plug issuing debt. this seems to be what we are seeing. -- there isnt to been a lot of talk to joe that. so that...
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May 24, 2016
05/16
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up, everyone from mark carney to barclays weighs in on the u.k. referendum. we will have those comments. ecb vices the president. that's a quick look at european equity markets. stocks are rising today as the euro falls against the dollar. we've had some better than expect news from the likes of kingfisher. they reported better-than-expected quarterly sales. performing is included and i will show those in --. we continue to focus on deutsche bank. it was downgraded at movies. the european clothes is minutes away. stay with us. ♪ shery: it is 11:00 a.m. in new york, for clock in london, and 11:00 p.m. in hong kong. i'm sherry and standing in for betty liu. i'm mark barton you're watching the european close on "bloomberg markets." ♪ mark: we are going to take you from new york to london next hour. here is what we are watching today. russia is returning to the international bond market. one bank is making it happen. we would give you the latest on the. at. shery: green across the board with tech and financials leading the gains. european shares are also high
up, everyone from mark carney to barclays weighs in on the u.k. referendum. we will have those comments. ecb vices the president. that's a quick look at european equity markets. stocks are rising today as the euro falls against the dollar. we've had some better than expect news from the likes of kingfisher. they reported better-than-expected quarterly sales. performing is included and i will show those in --. we continue to focus on deutsche bank. it was downgraded at movies. the european...
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May 24, 2016
05/16
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remember, barclays very soon with francine lacqua. ♪ guy: look at. you are watching "on the move." .1%,toxx 600 is now up by but we were down earlier, so they have absolutely firmed. some of the energy stocks are pushing us higher. the banking sector is under pressure and deutsche bank id s down right now. let's get more details on some of these stocks stories with nejra. up -- well, it is still up double digits, up 10%. seb, we got some news after the market closed yesterday. it is going to purchase the german silverware and coffee machine maker wmf. this deal is valued at 1.6 billion euros. the buyout firm is kkr. this is according to people familiar. seb has been competing with chinese bidders, as well as european companies, for this company, wmf. this comes after after it agreed to purchase germany's company last week. this has been in an mma mode. now, kingfisher is also a little higher. this stock, according to my bloomberg is actually asked dividenex dividend today. the estimate was 2.7 2 billion pounds, but it be estimates. so, we had a beat
remember, barclays very soon with francine lacqua. ♪ guy: look at. you are watching "on the move." .1%,toxx 600 is now up by but we were down earlier, so they have absolutely firmed. some of the energy stocks are pushing us higher. the banking sector is under pressure and deutsche bank id s down right now. let's get more details on some of these stocks stories with nejra. up -- well, it is still up double digits, up 10%. seb, we got some news after the market closed yesterday. it is...
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May 24, 2016
05/16
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very important for barclays, obviously. we look forward to our presence in the financial centers of the world being new york and london. can you see how cautious jes staley was when talking about brexit? he says given the polls are suggesting the u.k. will decide to stay within the eu, he's a little bit comforted by that, but he certainly wouldn't comment on whether they would move bankers outside london, and he wouldn't comment on whether he thought london would lose is number one place as a financial center and financial capital in europe. david: cautious undiplomatic. i want to go back one half step, when jes staley says the biggest risk is this lack of liquidity on the part of people trading in some the biggest liquid markets, and that this is a systemic risk, you have to pay attention. did he give you a sense of who these players are, and what could be done about this? i tried to get him more on that after the interview pointing ton he was was basically regulators need to make sure they do the job properly. this also h
very important for barclays, obviously. we look forward to our presence in the financial centers of the world being new york and london. can you see how cautious jes staley was when talking about brexit? he says given the polls are suggesting the u.k. will decide to stay within the eu, he's a little bit comforted by that, but he certainly wouldn't comment on whether they would move bankers outside london, and he wouldn't comment on whether he thought london would lose is number one place as a...
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May 5, 2016
05/16
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stake and barclays africa for $879 million. jes staley said the bank will treat from africa, one of the measures he is taking to raise cash and lighten its capital burden. rolls-royce says earnings will start to revive in the second half of the year. a forecast they will be close to break even through june. 2016 will be a challenging year overall because there has been weaker demand of the company's marine units. about 15,000 electric cars and now the company says it plans to ramp up production to a half million cars a year by 2018 to meet demand for its new model three. they are in a have more than 325,000 orders for the new car. that is the bloomberg business flash. francine: turkey's prime minister is expected to step down after losing a power struggle with the president. paul gruenwald vista with us. if you look at the story, what do you understand? erdogan is already tightening his grip. >> i think this is a fairly predictable result of a power struggle between a president and the prime minister. the prime minister for som
stake and barclays africa for $879 million. jes staley said the bank will treat from africa, one of the measures he is taking to raise cash and lighten its capital burden. rolls-royce says earnings will start to revive in the second half of the year. a forecast they will be close to break even through june. 2016 will be a challenging year overall because there has been weaker demand of the company's marine units. about 15,000 electric cars and now the company says it plans to ramp up production...
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May 11, 2016
05/16
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he is head of global investment for barclays wealth. rish? why do this now? we've got details coming from mumbai. ♪ manus: welcome back. time to get a market update. let's get to julianne moore. good afternoon. reporter: it has been a choppy session here. gains fromng good japan, even though the yen has started to rebound. the nikkei to 25 -- the nikkei 225 is up by 9%. that is supporting the regional index, even though we have hong kong on its lunch break, down by 6/10 of 1%. stocks lifted in hong kong are at two month lows. you can see there is still good movement coming from the energy prices, taking a rally on the crude oil rebound that we saw in european and u.s. markets on tuesday. in china, we are seeing the shanghai composite up by 6/10 of 1%. korea actuay come tough with its unemployment rate, miss.was a bit of a and we are seeing mixed movement from india and southeast asia. the philippines and australia, both these markets are trading at levels we have not seen since mid august of last year. australia is boosted by the rebound commodity prices. t
he is head of global investment for barclays wealth. rish? why do this now? we've got details coming from mumbai. ♪ manus: welcome back. time to get a market update. let's get to julianne moore. good afternoon. reporter: it has been a choppy session here. gains fromng good japan, even though the yen has started to rebound. the nikkei to 25 -- the nikkei 225 is up by 9%. that is supporting the regional index, even though we have hong kong on its lunch break, down by 6/10 of 1%. stocks lifted...
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May 6, 2016
05/16
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barclays said revenues were disappointing, which sent the shares down initially earlier. they finished the day up by almost 1%. the world's biggest steelmaker also releasing earnings today, first-quarter profits following 33%. contending with slumping prices of not only steal, also iron ore, but what he does see is a broad recovery in the global market. after prices have rallied in recent months. this is an industry that has been hammered by china exporting record amounts of steel as its own economy slows. we have seen an improvement in its fortune, shares down 1.2%. i want to tell you about shares traded the big publicly funding management group, slumping the most since june 2003, 8% lower. citigroup cutting its recommendation to sell. lowered the price target 182.0 pence from we are at 130 today. the average price target of analysts is 170 pence. shares in man group are down by 24% in the last 12 months. you have got your own data check. vonnie: i am having a look at the vix which is just down a little bit. now we are sort of cello -- settling in around the 16 and a hal
barclays said revenues were disappointing, which sent the shares down initially earlier. they finished the day up by almost 1%. the world's biggest steelmaker also releasing earnings today, first-quarter profits following 33%. contending with slumping prices of not only steal, also iron ore, but what he does see is a broad recovery in the global market. after prices have rallied in recent months. this is an industry that has been hammered by china exporting record amounts of steel as its own...
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May 4, 2016
05/16
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a beautiful sunny morning and when percent mortgage that's 100% mortgage at barclays. let's get to the market boards for you. teachers and the west down -- the u.s. -- futures in the u.s. down. 145, the euro down to 114. the dollar that was on the back foot yesterday very much on the front foot today. explain what is happening in treasuries as well. yields came in by a lot. me from radioing in a moment. nomineethe republican will be donald trump. the head of the republican national committee is calling trump the nominee. the victory clears the way for trump to get the delegates he needs to win the nomination outright. bernie sanders and surprised hillary clinton, winning 53% of the vote in indiana. clinton has an almost insurmountable lead in delegates and superdelegates. president obama gets a firsthand look today at flint, michigan and its tainted water supply. he will speak to 1000 residents at a high school. two state officials in one city official have been charged in the case. he the most unpopular leader in french history and it sounds like he is running for ree
a beautiful sunny morning and when percent mortgage that's 100% mortgage at barclays. let's get to the market boards for you. teachers and the west down -- the u.s. -- futures in the u.s. down. 145, the euro down to 114. the dollar that was on the back foot yesterday very much on the front foot today. explain what is happening in treasuries as well. yields came in by a lot. me from radioing in a moment. nomineethe republican will be donald trump. the head of the republican national committee is...
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May 12, 2016
05/16
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barclays analyst stephen kim outlines a new report. we spoke to him yesterday and asked him about the demographic shift fueling the change. >> you have the two biggest demographic groups in the country, the baby boomers, and their children, the millennials. what you have seen over the last several years is the baby boomers have entered a wave of downsizing. lots of reasons why it's happening now. probably the most important one is at their home equity is finally now restored and we have seat house formations picking up, so you have junior moving out of the basement, so they are free to downsize. at the other end of the spectrum, you have millennials who are saying i'm going to wait a little longer before i buy, but when i do, i will not go so far out like people before me and buy a cheap house in the sticks. i will buy something nicer, closer in. i'm a little older than most first-time buyers, so i can afford it. now they both want something pretty similar. scarlet: and you can see that pushing prices up. the average price for a starte
barclays analyst stephen kim outlines a new report. we spoke to him yesterday and asked him about the demographic shift fueling the change. >> you have the two biggest demographic groups in the country, the baby boomers, and their children, the millennials. what you have seen over the last several years is the baby boomers have entered a wave of downsizing. lots of reasons why it's happening now. probably the most important one is at their home equity is finally now restored and we have...
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May 8, 2016
05/16
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you have better than expected at socgen and barclays. deutsche down significantly. we have credit squeeze next week. they have warned they are down quite a bit with some one-off losses they are taking. it is hard to get a consistent theme from the europeans. >> shell estimates this morning. it's back to the lowest level since 2008. is this like bp, down to trading? >> is the refining sector and the chemical unit. it's been the same trend with the bp and exxon. trading, refining and that is what is saving the day for the company's. >> those are pretty variable areas of business. you get the right or horribly wrong. >> that is probably why also we have seen excel announcing a further cosco today. shell was a guide in the market for $33 billion suspension in 2006. now is near $30 billion. the first quarter is pointed at the number could be even lower. >> even more aggressive? >> they said 53. they are announcing 30. when we see the companies are spending in the first quarter it seems you're going to $25 billion. that's an indication that the company's prefer themselves
you have better than expected at socgen and barclays. deutsche down significantly. we have credit squeeze next week. they have warned they are down quite a bit with some one-off losses they are taking. it is hard to get a consistent theme from the europeans. >> shell estimates this morning. it's back to the lowest level since 2008. is this like bp, down to trading? >> is the refining sector and the chemical unit. it's been the same trend with the bp and exxon. trading, refining and...
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May 25, 2016
05/16
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of a jesled by moments staley interview yesterday at barclays. there was a big uproar about fortress and citadel playing off jpmorgan and james dimon. if we had citadels of banking in europe, why can't these guys do a cash call and issue debt? what are they waiting for? jonathan: i think with unicredit, there is no credibility at the moment and they have asked that -- assets they can dispose of. if they begin to restructure, and the november results were reporting. place some into proper restructuring, even though it will be diluted, i think you will have a lot more happier shares that are prepared to underwrite a significant amount. if you work on the assumption that you want this bank to have 12% or 13%, those are the right numbers. tom: i know you have a cup of coffee with mario draghi each week. what is your prescription to get credibility back into european banking? is it that they have to merge into fewer banks? jonathan: i think you have to take it on a country by country basis. still hasike spain considerable restructured loans and bad de
of a jesled by moments staley interview yesterday at barclays. there was a big uproar about fortress and citadel playing off jpmorgan and james dimon. if we had citadels of banking in europe, why can't these guys do a cash call and issue debt? what are they waiting for? jonathan: i think with unicredit, there is no credibility at the moment and they have asked that -- assets they can dispose of. if they begin to restructure, and the november results were reporting. place some into proper...
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May 23, 2016
05/16
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. >> joining us now for more analysis is oliver sweep, the european airlines analyst over at barclays. oliver, thank you for joining us this morning. we were just listening to the ceo of runair explaining his view on how this should affect passenger interest on demand going forward. what is your view? very sadly this is not the first terrorist attack, but we don't know what the cause is, but if that's the assumption and passengers are worried on the heel of that, what would be the real impact? >> obviously, we have a number of these incidents that have happened over the last 12 months. we had the brussels attack, paris, the istanbul incident earlier this year and then the german air crash last year. after any of these types of events, you see soft bookings for a couple weeks in general. and the airlines respond in different ways to that. ryanair is going to cut prices and other airlines may sit and take a hit on the traffic side. but i would say after all of these incidents so far, the underlying consumer in europe has appeared to be relatively robust. and after a couple of weeks the
. >> joining us now for more analysis is oliver sweep, the european airlines analyst over at barclays. oliver, thank you for joining us this morning. we were just listening to the ceo of runair explaining his view on how this should affect passenger interest on demand going forward. what is your view? very sadly this is not the first terrorist attack, but we don't know what the cause is, but if that's the assumption and passengers are worried on the heel of that, what would be the real...
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May 15, 2016
05/16
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in case you are wondering, the barclays premier league is on at 7:00. have a great sunday. thank you so much. did you say honey? hey, try some? mmm that is tasty. is it real? of course... are you? nope animated you know i'm always looking for real honey for honey nut cheerios well you've come to the right place. great, mind if i have another taste? not at all mmm you're all right bud? never better i don't know if he likes that. yeah part of the complete breakfast united states of america. welcome to championship sunday. the finale of this epic premier league season. we're hoping that matches are available to you simultaneously with all 20 clubs in action across ten different networks of nbc universal, right here on nbc and nbcsn we have manchester city's trip to swansea. it will mean a fourth-place finish and crucially champions league qualification. a quick note for yoi. if you are joining the coverage for the first time today the kickoff at old trafford between manchester united scheduled for nbcsn has been delayed for 45 minutes.
in case you are wondering, the barclays premier league is on at 7:00. have a great sunday. thank you so much. did you say honey? hey, try some? mmm that is tasty. is it real? of course... are you? nope animated you know i'm always looking for real honey for honey nut cheerios well you've come to the right place. great, mind if i have another taste? not at all mmm you're all right bud? never better i don't know if he likes that. yeah part of the complete breakfast united states of america....
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May 9, 2016
05/16
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. >>> still to come, the former barclays ceo says the cheap oil could be weighing on african economies. but there are plenty of opportunities. we'll tell you where after this. if you had a dollar for every dollar car insurance companies say they'll save you by switching, you'd have like a ton of dollars. but how are they saving you those dollars? a lot of companies might answer "um..." or "no comment". then there's esurance - born online, raised by technology and majors in efficiency. so whatever they save, you save: hassle, time, paper work, hair tearing out and, yes, especially dollars. that's auto and home insurance for the modern world. esurance. backed by allstate. click or call. >>> welcome back, everybody. you're still watching "street signs." we have been talking about the saudi reshuffle taking place with the oil minister al-naimi who has been at the helm of the oil industry for a very long time, since '95. so he's now leaving that post and instead the man taking over is khalid al-falih. he's going to be the new oil minister. some people say his links to the government are ver
. >>> still to come, the former barclays ceo says the cheap oil could be weighing on african economies. but there are plenty of opportunities. we'll tell you where after this. if you had a dollar for every dollar car insurance companies say they'll save you by switching, you'd have like a ton of dollars. but how are they saving you those dollars? a lot of companies might answer "um..." or "no comment". then there's esurance - born online, raised by technology and...
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May 5, 2016
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simon: i think the barclays story from yesterday was more .ymbolic of a previous era let's not forget, barclays still have that constraint that only 50% of their loan book can be .ore than 4.5 times income even if they load up with 50% of their mortgage book, there are followthroughs regarding their risk adjustments, their ability to pass the stress test, and the spc's response function. thatare running a risk attracts regulators who have already been quite active in this space. don't forget, here in the u.k., mark carney is the chair of the financial stability board. from a global perspective, look at ireland, australia, new zealand, whoever much tighter rules. anna: thank you very much. guy johnson brings us the chart of the hour and simon french stays with us on the program. more than half of china's rated issuers could face downgrades after the stress test. malcolm, talk us through the stress test. what do they reveal? melco: they took a basket of the companies they rate around the world and they looked at what would happen if china's growth fell in half from the current 6.8%, and
simon: i think the barclays story from yesterday was more .ymbolic of a previous era let's not forget, barclays still have that constraint that only 50% of their loan book can be .ore than 4.5 times income even if they load up with 50% of their mortgage book, there are followthroughs regarding their risk adjustments, their ability to pass the stress test, and the spc's response function. thatare running a risk attracts regulators who have already been quite active in this space. don't forget,...
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May 15, 2016
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we got the big barclays story. the africans are much more accepting of digitalization and are acting dish actually jumping the rubicon. is that still the case or they still setting trends? this is a very mature market already. , what you seerica in other emerging markets is banking populations. they're just doing two steps in one. of course with digitalization you don't need a branch network to infuse customers banking accounts. manus: trying to explain what digitalization really really means. >> not for mature markets. banks have these huge costs and say have customers who have other issues in the branches. they are already banks. it is hard to compare. nevertheless, you see strategies in africa where telecom companies are penetrating the banking market. we see that in europe as well. orange is stepping into the banking industry. telefonica just announced that they are doing banking strategies. we see that trend. manus: one of the issues must be culture. each region of the world has its own idiosyncratic culture.
we got the big barclays story. the africans are much more accepting of digitalization and are acting dish actually jumping the rubicon. is that still the case or they still setting trends? this is a very mature market already. , what you seerica in other emerging markets is banking populations. they're just doing two steps in one. of course with digitalization you don't need a branch network to infuse customers banking accounts. manus: trying to explain what digitalization really really means....
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May 8, 2016
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the african finance company founded by former barclays boss bob diamond he told an audience in london that the target is one of several african countries where it already owes the lender a great deal. he declined to offer a name. is underpinned by expectations that africa will be the biggest driver of global growth over the next 25 years. supplanting china which is slowing down. employees are seeing a preview of shanghai disneyland. it opened its doors early for trial run ahead of the official launch next month. the five-and-a-half billion dollar park. the red carpet premiere of the flying -- the lion king show. manus: wildfires raging in canada. estimated one million barrels of oil production in the region is in danger. our oil reporter rebecca andrews joins us. we're seeing afp give us more thisxt for the size of fire. how close if at all are we to getting it under control. rebecca: we are far away from getting anything under control. he is been calling this fire the beast. it is fast-growing and unpredictable. this fire is creating its own wind and shifting within hours. >> there i
the african finance company founded by former barclays boss bob diamond he told an audience in london that the target is one of several african countries where it already owes the lender a great deal. he declined to offer a name. is underpinned by expectations that africa will be the biggest driver of global growth over the next 25 years. supplanting china which is slowing down. employees are seeing a preview of shanghai disneyland. it opened its doors early for trial run ahead of the official...
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May 19, 2016
05/16
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the draft will be held at barclay center in brooklyn june 23rd. tickets are $20 a piece and they are available at the nba tickets.com. >>> well, time is 4:49. time for a check on business news. >> money watch's jill wagner joins us from the new york stock exchange, jill, what are investors watching this morning. >> reporter: well, wal-mart releasing its earnings before the opening bell. wal-mart is the world's largest retailer and bell weather for u.s. economy. macy's, kohl's, nordstroms all said sales slowed down this year but tj max saw an increase. wal-mart's results could be make or break for retail sector as a whole, brooke and jim. >>> i'm always covering security breach necessary my consumer reports but you are hearing a security breach four years ago was far worse then previously thought? >> reporter: yeah, that is right, personal data a from about 117 million linkedin users may have been stolen, that is way more than the six and a half initially reported. hackers could be trying to sell e-mail addresses and pass word on line, potentially
the draft will be held at barclay center in brooklyn june 23rd. tickets are $20 a piece and they are available at the nba tickets.com. >>> well, time is 4:49. time for a check on business news. >> money watch's jill wagner joins us from the new york stock exchange, jill, what are investors watching this morning. >> reporter: well, wal-mart releasing its earnings before the opening bell. wal-mart is the world's largest retailer and bell weather for u.s. economy. macy's,...
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May 10, 2016
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barclays is outpacing them by far in terms of the less bad scenario. there are fewer declines we see in share prices. they are all restructuring. it looks like what we saw today, they seem to be pulling ahead. my chart follows absolutely perfectly from that. this is our function on the bloomberg. it shows you management history. you can look at all the positions within credit squeeze. -- credit suisse. you can see the chief executive officer highlighted in yellow. he started his job on june 1 last year. you've got to look at this. 43% in theeturn is red. the industry is down by 16%. byis lagging the industry almost 30% since he took over. really quickly, i want to show you a lovely chart that shows the return on tangible equity. this basically measures the rate of return. the red light is the swedish letter. the white line is ubs. bank goingh deutsche back to what you were saying. is only marginally better. both deutsche bank and credit suisse have a long way to go to be more efficient at generating profits. i think we just had an ad hoc battle of the
barclays is outpacing them by far in terms of the less bad scenario. there are fewer declines we see in share prices. they are all restructuring. it looks like what we saw today, they seem to be pulling ahead. my chart follows absolutely perfectly from that. this is our function on the bloomberg. it shows you management history. you can look at all the positions within credit squeeze. -- credit suisse. you can see the chief executive officer highlighted in yellow. he started his job on june 1...
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May 5, 2016
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barclays is carrying out its promise to shrink. the ceo saying last month, the bank would retreat from africa, one of the measures he is taking to raise cash and lighten capital burden. rejectinging says -- a takeover bid by usa today owner. they said the offer undervalues the company which publishes the chicago tribune and los angeles times. that is your business flash. david: now we turn to real estate. a cooldown in manhattan's luxury apartment rental market, hitting some developers where it hurts. our job creation and salary levels of enough? we are joined by ceo of rudin management who has a few projects underway in new york. do you see evidence of the slowdown? bill: there was definitely a slowdown at the beginning of the year, but we have seen tremendous activity over the last couple of and we just started closing and had people move into our lane project. in our rentald portfolio. we have seen a tremendous pickup and activity. david: described the price point. a high condominium project we started a couple of years ago. 500
barclays is carrying out its promise to shrink. the ceo saying last month, the bank would retreat from africa, one of the measures he is taking to raise cash and lighten capital burden. rejectinging says -- a takeover bid by usa today owner. they said the offer undervalues the company which publishes the chicago tribune and los angeles times. that is your business flash. david: now we turn to real estate. a cooldown in manhattan's luxury apartment rental market, hitting some developers where it...
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May 19, 2016
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investors are trying to replace .nicredit's ceo barclays will learn by early next year if prosecutors will file charges in connection with a $10 billion fundraising effort. the lender is being investigated over a capital injection from private investigators in abu dhabi. the money health are clays avoid a government bailout. and 2/3 of americans would have difficulty coming up with the money to cover a $1000 emergency according to polls from the ap, which found americans' financial positions are as precarious as ever. 38% of households say they would have some difficulty coming up with $1000. still ahead, using the to profit off of wild swings in the market. intech, which has been beating the indexes with its unique methods. ♪ david: this is "bloomberg markets." between fed hike talk and brexit fear, there are enough factors causing uncertainty in the market. our next guest has a math-based trading model to profit off of volatility. joining us is the ceo of intech, coming in with a phd in mathematics from princeton. walk us through the way the model works. applytried to mathematics,
investors are trying to replace .nicredit's ceo barclays will learn by early next year if prosecutors will file charges in connection with a $10 billion fundraising effort. the lender is being investigated over a capital injection from private investigators in abu dhabi. the money health are clays avoid a government bailout. and 2/3 of americans would have difficulty coming up with the money to cover a $1000 emergency according to polls from the ap, which found americans' financial positions...
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May 16, 2016
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barclays and more saying the market is going to turn faster than we thought, but what happened last four weeks to change everything? shares in apple gaining ground today with berkshire hathaway and warren buffett dying stocks in the company, giving them a rebound from slow iphone sales. we are about an hour away from the closing of trade. let's head to the markets desk where ramy inocencio has the latest. we keep hitting highs of the session. amy: we have basically canceled all the losses as if friday never happened. an hour before the close, the dow is up similar with the s&p 500. by 1.5%.q up the most let's take a look at the imap and i want to show you the actor health of the s&p 10 sectors. it continues to be a rally based on the energy sectors. look at the rest of this green here. it's also a broad-based rally with materials not far behind energy. information technology similar and health care up by 1.4%. but energy has been the name of the game. up by 3.3%. we are looking at highs not in the past six months or so. this goldman sachs says that it in hat -- it has increased its price
barclays and more saying the market is going to turn faster than we thought, but what happened last four weeks to change everything? shares in apple gaining ground today with berkshire hathaway and warren buffett dying stocks in the company, giving them a rebound from slow iphone sales. we are about an hour away from the closing of trade. let's head to the markets desk where ramy inocencio has the latest. we keep hitting highs of the session. amy: we have basically canceled all the losses as if...
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May 17, 2016
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barclays has a very good retail bank, with good return on equity. i think they have all got good bits, and they have all got investment banks that they are probably trying to downsize. francine: and after its best quarter since 1986, can gold continue to shine? george soros think so. plus, it has been secret for more than 40 years. we reveal how much of the u.s. national debt is owned by saudi arabia. ♪ francine: welcome back. let's get straight to the bloomberg business flash with nejra cehic. nejra: vodafone shares are higher this morning after reporting quarterly sales growth on its network that be estimates. the wireless carrier said organic service revenue, which includes customer fees that excludes handset sales, rose 2.5% in the three-month period through. march 31 analysts surveyed expect it will .5%. that was helped by improve results in several key european markets. shares in taylor wimpey have junta this morning after the u.k. housebuilder set its plans to buy a special dividend of 300 million pounds of july next year. the company also
barclays has a very good retail bank, with good return on equity. i think they have all got good bits, and they have all got investment banks that they are probably trying to downsize. francine: and after its best quarter since 1986, can gold continue to shine? george soros think so. plus, it has been secret for more than 40 years. we reveal how much of the u.s. national debt is owned by saudi arabia. ♪ francine: welcome back. let's get straight to the bloomberg business flash with nejra...
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May 5, 2016
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barclays is carrying out its profits. selling 1/5 of its stake to money managers. the chief executive last month said that the bank would retreat from africa. that is the latest bloomberg business flash. vonnie: let's look ahead to tomorrow. the u.s. jobs report for april already. obviously, the first friday of the month. bloomberg estimates the economy gained 200,000 jobs. the unemployment rate at 5%. we believe that has moved to 9.4%. mike mckee joins us now with a look ahead at the report and what it means for a possible june rate hike. first of all, i want to or onete that 200,000 hundred 95,000 is a bit lower than what we were looking at, but it is still healthy. mike: it is still healthy. he keeps us within the average range. i have said they are expecting that kind of growth to continue and the unemployed and break to keep going down. you are right. it is 4.9%. if we get that, that argues for an earlier rather than later fed move, which is what a lot of the fed officials who have been talking lately have been saying. vonnie: speaking of fed officials, the st
barclays is carrying out its profits. selling 1/5 of its stake to money managers. the chief executive last month said that the bank would retreat from africa. that is the latest bloomberg business flash. vonnie: let's look ahead to tomorrow. the u.s. jobs report for april already. obviously, the first friday of the month. bloomberg estimates the economy gained 200,000 jobs. the unemployment rate at 5%. we believe that has moved to 9.4%. mike mckee joins us now with a look ahead at the report...
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May 17, 2016
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chiefg us now is the barclays u.s. economist. what do you expect to see with regard to tone? do you expect to see a market difference? if you goon't, but back to the previous minutes, they talked about the probability of action at the next meeting. that is pretty rare. the minutes don't often foreshadow or discuss what they would do next. that getsk whether repeated and whether they accurate -- whether they actually discuss the likelihood of a july rate hike. we are looking for one rate hike in september with a risk of two if the data call operates. david: -- the data cooperates. david: there are some who say june is still on the table. if that were to be the case, what would janet yellen have to do to prepare the markets? michael: she did the first thing, which is scheduled the speech. she will be discussing the outlook in philadelphia. .he data is one thing if the committee is serious about going in june, the chair has to deliver a fairly forceful message. are we seeing a lot of erosion of the unanimity we had seen? is it becoming more difficult for this said or fomc to coh
chiefg us now is the barclays u.s. economist. what do you expect to see with regard to tone? do you expect to see a market difference? if you goon't, but back to the previous minutes, they talked about the probability of action at the next meeting. that is pretty rare. the minutes don't often foreshadow or discuss what they would do next. that getsk whether repeated and whether they accurate -- whether they actually discuss the likelihood of a july rate hike. we are looking for one rate hike in...
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May 28, 2016
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,rancine: so about the brexit do you feel the discounts on barclays because you are in the world when the possible brexit concerns? jes: i think for sure, the markets are being impacted by the uncertainty of this vote. it is a historic vote, for sure. as our chairman, john mcfarlane's, has said, the best thing for customers and clients in the u.k., if they vote to stay, part of the european union , as we get to that date, the uncertainty will impact financial markets. >> the chinese economy is a $10 trillion economy. it is the second-largest economy in the world. it is growing apparently larger at 6.9%, whether that is right or not. it is growing demonstrably faster than the rest of the world. japan has negative growth. ,he first largest is germany and that the u.s. percentagewise, yes it is slowing. china accounts for 35% of global growth. >> how about the unvarnished view of china growth? are citing the debt problem at the banks is far worse than anyone is reporting, upwards of 22% of outstanding credit in the chinese banking system will go npl, nonperforming, by the end of the year
,rancine: so about the brexit do you feel the discounts on barclays because you are in the world when the possible brexit concerns? jes: i think for sure, the markets are being impacted by the uncertainty of this vote. it is a historic vote, for sure. as our chairman, john mcfarlane's, has said, the best thing for customers and clients in the u.k., if they vote to stay, part of the european union , as we get to that date, the uncertainty will impact financial markets. >> the chinese...
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May 25, 2016
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shares are higher after barclays rated them to an overrated. shares of western digital may be higher today, about and we look at a one-year chart, we see a sharp, severe downtrend get on today's strength, the stock is hitting up against the resistance of the 100-day moving average, suggesting a turnaround may be tough for a stock that is down over 50% over the last 12 months. one to watch. shery: that is the best -- best stock performance. what about the point boost? abigail: microsoft is higher today on the news the company is cutting up to nearly 2000 jobs in the ailing smartphone unit. investors are cheering the training of this underperforming unit, especially following the company's disappointing report a few weeks ago, weak guidance. from a technical perspective, the chief technical officer at an km holding is neutral on shares of microsoft, but he does concede that after the stock did contest the 200-day average, there is a chance the stock could get back to the middle of a recent trading range, near $54 per share. we'll have to see what
shares are higher after barclays rated them to an overrated. shares of western digital may be higher today, about and we look at a one-year chart, we see a sharp, severe downtrend get on today's strength, the stock is hitting up against the resistance of the 100-day moving average, suggesting a turnaround may be tough for a stock that is down over 50% over the last 12 months. one to watch. shery: that is the best -- best stock performance. what about the point boost? abigail: microsoft is...
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May 4, 2016
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controlling cuts, this is a theme we have had from all of the banks across the region, deutsche, barclays, etc.. socgen is not telling any different of a story. they are going for 220 million euros of cost cuts. they will implement that by the end of 2017. onse are the top headlines socgen. much more to come. let's get back to rishaad in hong kong. rish? rishaad: thank you, manus. hours before the opening in the emirates. how the world is performing this year is speculated that the commodities. that is why you will see this fic figure coming out strongly. it comes about as we get people flocking into anything but the , egg futures as well. also, you were talking about how the move into commodities in china is perhaps just the start. eggs, you mentioned the and with that in mind, take a look at this. steel bars. who needs equities? steel rebar futures are knocking it out of the park, out -- up 38%. eggs are up 27% in china. they really do. bake prices in the united states of america are down 27%. volatility, to put it in context, it has the lowest in almost a year. eggs, rishaad. back to y
controlling cuts, this is a theme we have had from all of the banks across the region, deutsche, barclays, etc.. socgen is not telling any different of a story. they are going for 220 million euros of cost cuts. they will implement that by the end of 2017. onse are the top headlines socgen. much more to come. let's get back to rishaad in hong kong. rish? rishaad: thank you, manus. hours before the opening in the emirates. how the world is performing this year is speculated that the commodities....
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May 16, 2016
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barclays and more saying the market is going to turn faster than we thought, but what happened last four weeks to change everything? shares in apple gaining ground today with berkshire hathaway and warren buffett dying stocks in the company, giving them a rebound from slow iphone sales. we are about an hour away from the closing of trade. let's head to the marketsk
barclays and more saying the market is going to turn faster than we thought, but what happened last four weeks to change everything? shares in apple gaining ground today with berkshire hathaway and warren buffett dying stocks in the company, giving them a rebound from slow iphone sales. we are about an hour away from the closing of trade. let's head to the marketsk
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May 27, 2016
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unicredit come up with capital raise and there are also the investment banks, potentially deutsche and barclays and should those not bear fruits short-term they could come up with --. and also looking at in spain and the like of santander and --. lower than before the --. >> we've seen european banks enjoy a little rebound here kicking off what was a terrible start to the year. some people were citing optimism over the greek deal. from the credit perspective does this make a difference to the european banks? >> to some extent yes. lot of issues remain. at the moment it seems to me all those improvement at the expense of the --. k kah. >> do i as a shareholder buy in whole do i buy with the intent of selling off again in three years? how should i think about my investment strategy is this. >> spanish bank wills tell you probably play the range. by one over sold and capital raise coming up and have to readjust because the community will prize the capital raise before the spanish election and the brexit referendum. physical the spanish election result in new government than could be. >> how -- for
unicredit come up with capital raise and there are also the investment banks, potentially deutsche and barclays and should those not bear fruits short-term they could come up with --. and also looking at in spain and the like of santander and --. lower than before the --. >> we've seen european banks enjoy a little rebound here kicking off what was a terrible start to the year. some people were citing optimism over the greek deal. from the credit perspective does this make a difference to...
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May 21, 2016
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. >> you've got goldman, morgan stanley and barclay all coming out saying oh, my gosh, we're going to see the market turn faster than we thought. what happened in the last couple of weeks? >> we've been saying we taught the second half of the year would be quite different because we could see the production going down in the united states and that production is now accelerated. that's one thing that's caught attention and we have seen a series of disruptions that tells you as the market tightens, disruptions would be more significant so it's based upon no major disruptions. if you have venezuela blow up over a fear then we could be looking at a different situation. >> many have dom out saying we are going to see prices lower in the third quarter because we're firing maintenance. goldman sees lower prices in 2017 in the first half because they think more supply will come online. what do you think? >> i think there are two sources of supplies that would come online and one would be a recovery or stabilization in u.s. oil production. the next thing is a new stance of mideast producers le
. >> you've got goldman, morgan stanley and barclay all coming out saying oh, my gosh, we're going to see the market turn faster than we thought. what happened in the last couple of weeks? >> we've been saying we taught the second half of the year would be quite different because we could see the production going down in the united states and that production is now accelerated. that's one thing that's caught attention and we have seen a series of disruptions that tells you as the...
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May 6, 2016
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barclays said the revenues were disappointing. i want to show you shares of mattel today because first-quarter profits fell by 33%. they have contended with falling steel prices but what they see in the future is a broad recovery as prices for the metal and iron ore recover. it has been a tough period but the future looks better than the past, so says the world's biggest steelmaker. vonnie: that would definitely be good for the global economy. let's get to bloomberg first word news, matt miller. matt: it was an extraordinary development involving the likely republican president for candidate -- presidential candidate and the speaker of the house, paul ryan is not ready to support donald trump. trump fired back saying he is not ready to support ryan's agenda. they plan to meet next week. at least one mega-donor on the republican side is all and for trump. hetells the new york times is backing the likely gop nominee and has donated millions to republican candidates in the past. and local and regional elections gave no sign they are
barclays said the revenues were disappointing. i want to show you shares of mattel today because first-quarter profits fell by 33%. they have contended with falling steel prices but what they see in the future is a broad recovery as prices for the metal and iron ore recover. it has been a tough period but the future looks better than the past, so says the world's biggest steelmaker. vonnie: that would definitely be good for the global economy. let's get to bloomberg first word news, matt...
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May 12, 2016
05/16
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morgan stanley and barclays are using it. barclays found 20 hires through it and 1,000 universities are use zing it to screen candidates for financial careers. co-founder deutsche trader hopes it makes finance careers more successful. >> the diversity of the candidate pool. if you studied physics or english, you can showcase your skills. that's what we want to break it down to, the core skills to be successful. if you are a great trader, that's not the most important aspect. >> it's not that i was ignoring him. i was so engrossed in the game i was playing. i'm not sure i would have made the cut based on my score, which is 84. i'm told it was pretty good. i wouldn't be automatically cut from the candidate pool. guys, it's a brave new world of recruiting. >> what is the game like, kayla? is it a video game or a quiz? >> basically, there is an open contest. some of them are led by universities, some led by companies where they set certain parameters. everything gets $100,000 of fake money to manage. you manage your own portfolio
morgan stanley and barclays are using it. barclays found 20 hires through it and 1,000 universities are use zing it to screen candidates for financial careers. co-founder deutsche trader hopes it makes finance careers more successful. >> the diversity of the candidate pool. if you studied physics or english, you can showcase your skills. that's what we want to break it down to, the core skills to be successful. if you are a great trader, that's not the most important aspect. >> it's...
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May 22, 2016
05/16
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i got a flurry of reports, you've got goldman, morgan stanley, and barclay all coming out saying, "oh, my gosh! we're going to see the market turn faster than we thought." what happened in the last couple four weeks? >> we have been saying since february, we thought the second half of the year would be quite different because we could see production coming down in the united states. that production is now accelerated. that is one of the things that has caught everyone's attention. we have seen a series of disruptions that tells you, as the market tightens, disruptions would be more significant so our notion of around $50 in the second half is based upon no major disruptions. if you have venezuela blow up as some fear, we could be looking at a different situation. >> many of the big banks that have come out are saying we are going to see prices lower in the third quarter because we're firing maintenance. that was bank of america. goldman sees weaker prices in 2017 in the first half because they think more supply will come online. what do you think? >> i think there are two sources of s
i got a flurry of reports, you've got goldman, morgan stanley, and barclay all coming out saying, "oh, my gosh! we're going to see the market turn faster than we thought." what happened in the last couple four weeks? >> we have been saying since february, we thought the second half of the year would be quite different because we could see production coming down in the united states. that production is now accelerated. that is one of the things that has caught everyone's...
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May 10, 2016
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. >> thank you, oil only lift at barclays. >>> still to come here on "street signs," is l'oreal really worth it? join us after the break when we will find out which companies provide the best and worst returns relative to ceo pay. you don't want to miss this one. >>> hi, everybody. welcome back to "street signs." u.s. markets -- well, they start trading in 4 1/2 hours. slightly higher on the right side of your screen. the initial calls a little on the upside. same here in europe as well. >> this is after mix dads with the dow up from negative territory. and the nasdaq moved higher. and keeping an eye on oil prices. caterpillar and chevron. for once, we're paying less attention to the fed. and mia cash carky speaks msnbc. saying that the kashkari said he believes the fed is on the right path. >> i think the fed is doing what they can do. i said in my speech i think the current stand for monetary policy is appropriate because we're coming up short on both inflation and i think there's still slack in the labor market. you look at what's happening in productivity. the job market is creatin
. >> thank you, oil only lift at barclays. >>> still to come here on "street signs," is l'oreal really worth it? join us after the break when we will find out which companies provide the best and worst returns relative to ceo pay. you don't want to miss this one. >>> hi, everybody. welcome back to "street signs." u.s. markets -- well, they start trading in 4 1/2 hours. slightly higher on the right side of your screen. the initial calls a little on the...